The Fair Share Report
1 Ely Ct
Bridgewater, NJ 08807
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $880,497 – $1,119,081, from 12 comparable Bridgewater sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Bridgewater assessments sit below market value — republished every October, applied town-wide. A $947,590 home should be assessed near $821,750.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,450 above what the ratio math suggests (5.7%).
Step 4 · The tax rate — same for every Bridgewater home
$1.294 Schools · 68% $0.364 County · 19% $0.244 Town · 13%
This home's own bill implies $1.743 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bridgewater sale · assessed ÷ market
68%105%
Paying about right
This home's ratio lands inside Bridgewater's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 25 FRANCIS DRIVE | 2026-06 | $1,055,100 | 2,918 | 87.1% |
| 5 LEE PLACE | 2026-05 | $815,000 | 2,782 | 87.0% |
| 4 ERIN CT. | 2026-02 | $1,070,000 | 3,117 | 81.0% |
| 45 LOFT DRIVE | 2026-04 | $802,000 | 2,662 | 85.7% |
| 1 PURCELL ROAD WEST | 2025-04 | $990,000 | 2,808 | 91.1% |
| 114 HAGERMAN CT. | 2026-04 | $675,000 | 2,809 | 94.8% |
| 41 STRYKER CT. | 2025-04 | $610,000 | 2,809 | 104.1% |
| 8 WHARTON AVE | 2026-05 | $960,000 | 3,058 | 82.1% |
| 177 MAPLE STREET | 2026-03 | $910,000 | 2,444 | 95.7% |
| 4 LOFT DRIVE | 2026-03 | $739,000 | 2,454 | 100.3% |
| 33 LOFT DRIVE | 2025-03 | $710,000 | 2,454 | 105.2% |
| 234 JACKSON ST | 2026-06 | $891,000 | 2,480 | 90.0% |
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